OREANDA-NEWS. September 17, 2012. Korrespondent magazine rated Metinvest in Top 3 tax payers in Ukraine.

A national business edition Korrespondent identified 20 biggest corporate tax payers in Ukraine. The rating is based on the reports prepared by the State Tax Service for 2011.

Metinvest ranks second after state-owned Naftogaz of Ukraine with UAH 9.8 billion of paid taxes (without individual income tax, unified social tax per employee and other taxes). A subsidiary of the international tobacco giant Philip Morris Ukraine took the third place. The Top 20 includes 11 foreign and 9 Ukrainian businesses with 3 run by the government.

"A transparent tax structure, full payments in line with the laws and due performance of tax liabilities are the key principles of our financial strategy designed to establish partnership between business and government," said Metinvest Group CFO Sergey Novikov.

Profile:

Metinvest is an international vertically integrated mining and metals group. Production facilities of Metinvest allow the enterprises both to satisfy their own needs in raw materials, liquid steel and semi-finished products and to be a key supplier for many other Ukrainian and European companies, as well as Asian businesses. The shareholders of Metinvest Group are SCM Group (71.25%) and Smart Group (23.75%) that manage the company on the partnership principle.

Metinvest Holding is the management company of Metinvest Group.